Canada’s annual inflation rate increased to 2.4 per cent in March, up from 1.8 per cent in February, according to a report released Monday by Statistics Canada. The agency said this marks the highest level recorded since December of last year. According to Statistics Canada, the increase was largely driven by a sharp rise in gasoline prices. The report links the surge to geopolitical tensions in the Middle East involving Iran, which have affected global oil markets. Gasoline prices rose 21.2 per cent on a monthly basis in March, representing one of the largest increases on record, the agency

Canada's renowned business personality Manjit Minhas was in Surrey on Thursday. She attended the Surrey and White Rock Women in Business Awards. Meanwhile, in an exclusive conversation with Connect Media Network, she discussed business, investment, start-ups, Dragon's Den and some unique problems faced by women in business.Manjit Minhas in conversation with Connect Media Network News Director, Pervez Sandhu. (Photo - Connect FM)How to make start-ups successful?In an exclusive conversation with Connect FM, when Manjit Minhas was asked about making a start-up successful, she said that many peopl

Air Canada says it will suspend flights from Toronto and Montreal to New York’s John F. Kennedy International Airport starting June 1 through Oct. 25, citing rising jet fuel prices. In a statement, the airline said fuel costs have “doubled since the start of the Iran conflict,” making some lower-profit routes no longer economically viable. The company said it is adjusting its schedule accordingly. The suspension affects service to JFK from Canada’s two largest cities, key routes for business and international connections. Air Canada said customers with affected bookings will be contact

The federal government says a one-time affordability payment tied to the GST/HST credit will be issued June 5 to eligible low- and modest-income households. According to a federal announcement made in January, Prime Minister Mark Carney said the payment will equal 50 per cent of the annual value of the existing GST/HST credit. The program is being renamed the Canada Groceries and Essentials Benefit. Eligibility is tied to the current GST/HST credit system. Ottawa says households that have filed their 2024 income tax return and already receive the quarterly credit will automatically receive the

Prime Minister Mark Carney says the federal government will host a new Canada Investment Summit in Toronto this fall, aimed at attracting up to $1 trillion in investment for major projects over the next five years. According to a statement from the Prime Minister’s Office, the summit will bring together global investors, chief executives and business leaders on Sept. 14 and 15 to advance what it describes as “nation-building projects.” The federal government is organizing the event in partnership with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board

Conservative Leader Pierre Poilievre used a speech to a business audience in Toronto on Friday to criticize Prime Minister Mark Carney’s economic record and promote his party’s approach to taxation and regulation. Speaking at the Canadian Club Toronto, Poilievre said the federal government has not delivered on key economic commitments since Carney took office more than a year ago. He told attendees that his party would focus on reducing taxes and cutting regulations, arguing that government should play a smaller role in the private sector. Poilievre claimed economic conditions have worsene

Canada Post says it has begun preliminary work to phase out most door-to-door mail delivery, starting consultations with unions and communities as part of a multi-year transition. According to a Canada Post news release, the Crown corporation plans to convert approximately four million addresses to community mailboxes over the next five years. The change will be rolled out in stages, with different regions shifting to centralized mail delivery each year. The corporation says discussions are underway with 13 communities across the country, including Ottawa and Winnipeg. The first phase is expec

Applications for Canadian citizenship by descent have increased sharply following the implementation of Bill C-3, commonly referred to as the “Lost Canadians” law, according to federal immigration data. The law, which came into force on December 15, expands eligibility to individuals born outside Canada to Canadian parents who were also born abroad. To qualify, at least one parent must have lived in Canada for a minimum of three years before the applicant’s birth. According to Immigration, Refugees and Citizenship Canada, more than 12,000 applications were received between December 15 an

Prime Minister Mark Carney met with three newly elected Liberal members of Parliament in Ottawa on Tuesday following their victories in recent byelections, according to remarks delivered on Parliament Hill. Government ministers and MPs welcomed the new members with applause during the meeting, marking their formal introduction to the Liberal caucus. Speaking to reporters, Carney said the additions – along with the recent inclusion of Marilyn Gladu to the party – bring the number of women on the government side in the House of Commons of Canada to 71. Carney described the development as a s